Drillmec wins offshore new oil drilling Rigs contracts worth about 170 million Usd

January 30, 2013

Cesena, 30 January 2013 – Drillmec S.p.A., a TREVI Group company, specialized in the manufacturing of oil and water drilling rigs, has been awarded the supply of two new offshore oil drilling rigs worth about 170 million USD from a primary client in Central America.

The offshore drilling rigs will be “modular” ones and will operate in the Gulf of Mexico for PEMSA (GrupoMexico) an important oil company that conducts Exploration & Production activities in the area. The newly conceptualized rigs will be manufactured and tested in the USA at Drillmec’s Inc. factory in Houston, and later transferred and installed on fixed platforms in Mexico where Drillmec’s staff will provide technical assistance and maintenance. Drillmec S.p.A. will assist its subsidiary both technologically and under project management.

The rigs, in particular, are 2.000 HP and will be factory-made following the manufacturing criteria and custom engineering of the client. The project consists of delivering highly customized rigs with capabilities to extract hydrocarbons on a continuing basis in the selected basin. The rigs will be installed on a fixed-platform and will operate at about 2.000- 3.000 meters down under the ocean floor sediments at more than 12 miles from the Mexican coast. The use of Drillmec’s best technological know-how will allow the development of important innovative features for drilling that will reduce operating costs, increase the efficiency of drilling and comply to the highest standards of safety in the industry.

The CEO of Drillmec S.p.A. Simone Trevisani commented: “Drillmec has already been operating successfully for some time in the Gulf of Mexico through the use of onshore rigs and this new contract, in addition to the recently announced ones in Russia, is part of a broader framework of new opportunities in the offshore market. The acquisition of this order states, once again, the ability of Drillmec to offer engineering solutions dedicated to specific customer requirements. We expect this year to open new interesting perspectives both in the offshore and onshore markets and we are confident of being able to further diversify Drillmec’s customer portfolio”.

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